Gas Insulated Switchgear Market Inclinations & Development Status Highlighted During Forecast Period

SDKI Inc. published a new report on "Gas Insulated Switchgear Market-Global Forecast 2030". This study includes the statistical and analytical approaches needed to grow the gas-insulated switchgear market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-109496

The gas-insulated switchgear market is estimated to grow from a market value of US $ 23.75 billion in 2022 to US $ 42.67 billion by 2030, with a CAGR of 8.73% during the forecast period. This growth is primarily due to increased renewable energy generation, increased investment in transmission and distribution infrastructure, and increased energy demand. Limited space available in densely populated urban areas and government initiatives to improve power access are also contributing to market growth. In addition, increased investment in smart grids and energy systems, as well as the expansion or replacement of old switchgear at substations in developed regions, is expected to create significant growth opportunities for this market.

Market segment

Gas insulation switchgear market is by type (SF6, SF6 free), voltage (medium, high, ultra-high, ultra-high), installation (indoor, outdoor), end user (transmission utility, distribution utility, etc.) It is divided by power generation utility, transportation, industry, OEM) and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on voltage, the medium voltage segment is expected to grow at a maximum CAGR.

The medium voltage segment is expected to grow at the largest CAGR between 2022 and 2030. The segment is driven primarily by the rapid improvement of the distribution sector through the implementation of smart grids and smart metering technologies. This equipment is primarily used in the core sector, power generation, infrastructure, transportation, and distribution systems industries. The medium voltage segment is further divided into primary and secondary distributions.

Area overview

The gas-insulated switchgear market is further subdivided based on region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, UK, and other Europe), Asia Pacific (China, Japan, India, Australia, and other Asia Pacific). ) And other regions.

The Asia Pacific region is expected to have the largest market share in the global gas insulated switchgear market. It is the most populous region in the world, resulting in high demand for electricity. Countries such as China, Japan and India are investing in grid expansion projects to increase grid reliability. China had the largest share of the gas-insulated switchgear market in the Asia-Pacific region in 2016, with the highest installed power generation and distribution capacity. As an export-oriented economy, the country has witnessed exponential growth in electricity demand over the past few decades, boosted by industrialization and infrastructure development. These factors are expected to contribute to market growth in the region.

Key Players on the Market

Key players on the gas-insulated switchgear market include ABB (Switzerland), Siemens (Germany), Hitachi (Japan), Toshiba (Japan) and Nissin Electric (Japan). The survey includes a detailed competitive analysis, corporate profile, recent developments, and key market strategies for these major companies in the gas-insulated switchgear market.

Detailed contents of the survey report
https://www.sdki.jp/reports/gas-insulated-switchgear-market/109496

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This release was published on openPR.